Business Succession Planning

Introduction

• Course Objectives

Module 1: Succession Planning Vs. Replacement Planning

• What is Business Succession Planning?
• What Is Replacement Planning?
• Differences Between
• Deciding What You Need
• Knowledge Check

Module 2: Preparing for the Planning Process

• How to Set Parameters for the Planning Process
• Should You Establish a Committee?
• How to Gather Operational Data
• Knowledge Check

Module 3: Initiating Process

• Develop a Mission Statement
• Develop a Vision Statement
• Choosing to Be a Mentor
• Knowledge Check

Module 4: The SWOT Analysis

• Identifying Strengths
• Identifying Weaknesses
• Identifying Opportunities
• Identifying Threats
• Knowledge Check

Module 5: Developing the Succession Plan

• Prioritize What the Succession Plan Will Address
• Set Goals and Objectives
• Develop a Strategy for Achieving Goals
• Draft the Plan
• Knowledge Check

Module 6: Executing the Plan

• Assign Responsibility and Authority
• Establish a Monitoring System
• Identifying Paths
• Choosing Your Final Approach
• Knowledge Check

Module 7: Gaining Support

• Gathering Data
• Addressing Concerns and Issues
• Evaluating and Adapting
• Knowledge Check

Module 8: Managing the Change

• Developing a Change Management Plan
• Developing a Communication Plan
• Implementing the Plans
• Providing Constructive Criticism
• Encouraging Growth and Development
• Knowledge Check

Module 9: Overcoming Roadblocks

• Common Obstacles
• Re-Evaluating Goals
• Focusing on Progress
• Knowledge Check

Module 10: Reaching the End

• How to Know When You’ve Achieved Success
• Transitioning
• Wrapping it All Up
• Knowledge Check

Assessment

• Post-Test